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    3012 Highway 31 Decatur, AL 35603

    For Sale
    $1,200,000

    5.9 Acres Hwy 31 Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 5.9-acre commercial and industrial land parcel presents a compelling investment opportunity in Decatur, Alabama. Strategically located on Highway 31 South, this property boasts high visibility and accessibility due to its prominent hard corner location across from the Cedar Lake Road intersection. The lot, measuring approximately 453.5 feet by 552.65 feet, offers significant potential for multiple ingress and egress points, enhancing operational flexibility. Zoned M1, this site is ideally positioned between Decatur Med-Surg Complex and LiftOne, benefiting from established infrastructure and a thriving business environment. All utilities are readily available on-site, simplifying development plans. Furthermore, its location outside of a flood zone minimizes risk and enhances its appeal. The asking price of $1,200,000 reflects the property's considerable value and potential return on investment. Its proximity to major interstates ensures convenient access for logistics and transportation, making it an attractive option for a wide range of commercial and industrial uses. The property's parcel number is 12-03-05-4-000-002.000. This prime location and versatile zoning make this a rare opportunity for significant development in a rapidly growing area.

    Property Features for 3012 Highway 31

    General Information

    Property type
    Land
    Lot Size
    257,004 SF

    HighLights

    • All utilities are available on‑site.
    • Excellent location with high visibility.
    • High‑traffic area, ideal for retail or commercial use.
    • Property is not located within a designated flood zone.
    • High‑profile corner lot.
    • Multiple points of access available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.973526326926
    Latitude
    34.551898640148

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    FAQs

    What type of property is this?
    Land - 5.9 Acres Hwy 31 Development
    Where is this land located?
    The property is located at 3012 Highway 31 Decatur, AL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: All utilities are available on-site.; Excellent location with high visibility.; High-traffic area, ideal for retail or commercial use.
    Request Owner's contact information
    3012 Highway 31 Decatur, AL 35603
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    Decatur, AL 35603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3012 Highway 31 Decatur, AL 35603
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